The company's profitability is entirely dependent on a one-time asset sale rather than sustainable operations. Traders should be cautious as the company has no cash reserves and disclosed material weaknesses in financial controls, which could indicate deeper financial issues.
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Executive Summary
Ameritek Ventures amended its 2024 10-K to correct the valuation of ZenaTech securities received from the sale of Ecker Capital. The company reported a $13.5 million net income from this sale, despite a 29% revenue decline, and disclosed material weaknesses in internal controls. The auditor did not issue a going concern opinion.
Key Facts
- Amended 10-K to correct valuation of ZenaTech securities received from sale of Ecker Capital
- Reported $13.5 million net income from asset sale, while core revenue declined 29% to $678,300
- Disclosed material weaknesses in internal controls over financial reporting
- No cash on hand as of December 31, 2024, down from $5,618 in 2023
- Auditor did not issue a going concern opinion
Financial Impact
The sale of Ecker Capital generated $13.5 million in net income, but the company's core revenue declined 29% to $678,300. The company now has no cash on hand.
Risk Factors
- Dependence on non-recurring gains for profitability
- Material weaknesses in internal controls
- No cash reserves
- Potential for future restatements
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-K/A Filing (Primary) | 0001376474-26-000284 |
| Document: av_ex31z2.htm | 0001376474-26-000284 |
| Document: av_ex31z1.htm | 0001376474-26-000284 |
| Document: av_ex32z1.htm | 0001376474-26-000284 |
| Document: 0001376474-26-000284-index-headers.html | 0001376474-26-000284 |
| Document: 0001376474-26-000284-index.html | 0001376474-26-000284 |
| Document: 0001376474-26-000284.txt | 0001376474-26-000284 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | 8-K | $3.82 $3.82 | · 0.00% | ▼ −0.14% | $3.82 (+0.00%) |
Oct 14, 2026 12d ago | 8-K | $4.00 $3.82 | ▲ +4.50% | ▲ +3.49% | $3.82 (+4.50%) |
Apr 10, 2026 28w ago | 10-K/A | $10.37 $9.99 | ▲ +3.66% | ▲ +8.16% | $3.82 (+63.16%) |
US Market Status
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